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What the ending inventory to be reported

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Reference no: EM132931880

Problem - Snoopdog Company's purchases in its first four months of operations were as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Number of units 3,500 9,200 6,400 3,700 Cost 27,300 77,280 64,960 36,815 Inventory balance at the end of the year using LIFO - periodic is valued at P39,060. 14) The inventory balance under FIFO perpetual is A. 39,060 B. 44,348 C. 47,660 D. 48,995 15) The cost of sales under the Weighted-Average cost flow assumption is A. 167,295 B. 162,006 C. 157,360 D. 158,695 16) Assuming that the percentage of the total goods sold were 10% in first quarter; 45% in second quarter; 20% in third quarter and 25% in December, what the ending inventory to be reported under the Moving-Average cost flow assumption?

Reference no: EM132931880

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